In a move aimed at transforming Pakistan’s digital payment landscape, Euronet Pakistan, a subsidiary of the NASDAQ-listed global transaction services leader Euronet Worldwide, has announced a formal partnership with Smart 1 Tech Pvt Ltd. The latter is a prominent fintech and a subsidiary of the Mercury Group of Companies, known for its work in the development, manufacturing, and integration of cutting-edge financial and digital technology solutions. This collaboration is set to play a pivotal role in scaling up point-of-sale (POS) acquiring infrastructure across Pakistan, thereby accelerating the country’s journey toward enhanced financial inclusion and a digitally empowered economy.
The landmark agreement between the two entities was commemorated during an official signing ceremony in Karachi, attended by senior executives from both organizations. The partnership marks a major milestone for Smart 1 Tech Pvt Ltd as it intensifies efforts to broaden and modernize its POS acquiring capabilities throughout the country. With Euronet Pakistan’s deep-rooted expertise in payment processing and its globally trusted, robust POS driving platform, Smart 1 Tech Pvt Ltd is poised to significantly improve the speed and efficiency of merchant onboarding processes, ensuring greater accessibility for card and digital payment acceptance across diverse sectors.
At the heart of this collaboration lies a shared mission to fortify Pakistan’s digital payments infrastructure. By deploying scalable, secure, and high-performance POS solutions, both companies are addressing a critical gap in the market—bringing digital payment capabilities to more merchants, especially those in underserved regions and industries. This, in turn, is expected to significantly contribute to Pakistan’s broader goals around financial inclusion and digitization of the economy.
Kashif Gaya, CEO of Euronet Pakistan, expressed confidence in the alliance, stating, “We are proud to partner with Smart 1 Tech Pvt Ltd to address the growing demand for reliable and scalable cards and digital acceptance across Pakistan. This strategic collaboration underscores our mutual commitment to advancing the country’s digital payment infrastructure and providing merchants with high-quality, secure, and efficient payment services. Together, we aim to empower merchants nationwide with the tools they need to thrive in an increasingly digital economy.”
Echoing this sentiment, Fahad Bin Ahmed, CEO of Smart 1 Tech Pvt Ltd, highlighted the broader vision of the partnership. “Our partnership with Euronet marks a strategic step forward in reshaping Pakistan’s payment landscape. With their market leadership, unmatched service quality, and deep POS footprint, Euronet is the perfect partner to help us deliver innovative, reliable, and customer-first payment solutions. This alliance reflects a joint commitment to financial inclusion and to building a truly digital economy for Pakistan,” he said.
As Pakistan continues to witness significant growth in fintech adoption and digital payment volumes, collaborations such as this are crucial to ensuring the ecosystem scales efficiently and inclusively. By bringing together global technology standards and local innovation, Euronet Pakistan and Smart 1 Tech Pvt Ltd are setting the stage for a future where digital payments are accessible, reliable, and inclusive for all segments of society.
